A session marked by strong risk aversion, with equities under pressure from selling in tech megacaps following Meta’s earnings report—which reignited doubts about the return on AI spending—and from the escalation in the Middle East after attacks on an Aramco facility and an airport in Saudi Arabia, which led the U.S. to order the evacuation of some of its diplomatic personnel from the country. Equity indices closed in the red, with the Nasdaq falling 2.6% and the S&P 500 1.2%, while the Dow Jones ended flat. Even so, there was a clear rotation toward defensive sectors such as consumer staples and utilities, and the equally weighted S&P 500 ended in positive territory. Asia also suffered, with the Kospi falling 3.5%, the Nikkei 2.7%, and the CSI 300 1.8%, while the Stoxx 600 bucked the trend with a 0.4% gain. As for commodities, WTI rose 2.2% to $99.3 and Brent 4.0% to $113.1, fueling inflation fears less than two weeks before the midterm elections, while gold fell 2.8% and silver 5.8%. Treasuries served as a safe haven, with the 2-year and 10-year UST yields falling 15 basis points to 4.66% and 4.97%, respectively, and the 30-year yield down 12 basis points to 5.29%, with the long end lagging behind. The 10-year Bund fell 8.6 bps and the 10-year Gilt fell 5.1 bps, despite tension in French bonds. On the FX and volatility front, the DXY fell 0.1% to 101.6, and the VIX rose 2.3 points to 19.0.

In Venezuela/PDVSA, the session closed with declines of up to 0.4 points on the sovereign yield curve and 0.2–0.5 points on PDVSA. Elecar fell 1.8 points, and the PDV20 closed flat. Trading volume totaled USD 109 million, concentrated in the PDV'22 and PDV'26 bonds.

Latin American yield curves closed mostly higher. Mexico, in the IG group, rose 0.9 points. The HY group was also mostly positive, with the Dominican Republic, Colombia, and Pemex gaining 0.7 points, Brazil 0.6 points, and El Salvador 0.1 points, compared with declines of 0.3 points in Argentina and 0.2 points in Ecuador. High volume.